Best Online Bank in Denmark for Expats (2025 Guide + Fees Comparison)
Moving to Denmark as an expat is exciting, but opening a bank account can be complicated. Traditional banks often have high fees, complex documentation, and language barriers.
Many expats now choose online banks in Denmark because they are cheaper, faster to open, and provide English support.
Why Expats Prefer Online Banks in Denmark
- Low or no monthly fees
- Fast account setup
- English-friendly apps and support
- Easy international transfers
What to Look for in an Online Bank
✔ English Support
Ensure customer support and apps are available in English.
✔ Danish IBAN
A Danish IBAN is required for salary, rent, and local transfers.
✔ Low Fees
Check monthly maintenance fees and international transfer costs.
✔ Easy Residency Requirements
Some banks allow account opening even for newcomers or temporary residents.
Best Online Banks in Denmark for Expats (Comparison)
| Feature | Online Bank A | Online Bank B | Online Bank C |
|---|---|---|---|
| Monthly fee | Low / Free | Free | Low |
| English app | Yes | Yes | Yes |
| Danish IBAN | Yes | Yes | Yes |
| Best for | New expats | Freelancers | Salaried workers |
Are Online Banks Safe in Denmark?
Most online banks in Denmark are regulated, providing secure apps, account protection, and authentication.
Advice for New Expats
Start with one online bank for daily use; it’s fast, cheap, and convenient.
Common Mistakes to Avoid
- Opening multiple accounts too early
- Ignoring hidden fees
- Choosing a bank without a Danish IBAN
Final Thoughts
Choosing the best online bank in Denmark for expats depends on your needs, but online banks are usually the fastest and most cost-effective option.